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Sep 4, 2019Project IT Solutions represents a highly profitable IT managed services and consulting firm that has experienced rapid growth through its recurring customer base.

IT Solutions is a high growth IT solutions firm which focuses on helping clients with legal, insurance, hi-tech and manlog related IT services

Based in Pennsylvania with a secondary office in India
95+ associates
Typical projects can vary from specialized & industry leading product implementation (Guidewire, 4SightBI, Etc.) technology transformation services, to SMAC stack (Social, Mobile, Analytics, Cloud) implementation and Application Development & Testing (Microsoft, Java, Open Source)

IT Solutions leverages its strong relationships with existing customers to expand their client base as 100% of their clients are derived from referrals

Since entering the US market in 2015, IT Solutions grew revenue from $425 thousand to $5.520 million in 2018
2018 adjusted EBITDA of $1.282 million

IT Solutions is projecting 2019 revenue of $6.5M with approximately $1.6M in adjusted EBTIDA

IT Solutions is seeking a financial or strategic buyer to facilitate a majority buyout or complete sale as the owners look to pursue an unrelated software development project

The current owners would plan to stay involved for a suitable transition period for a new owner

The acquisition opportunity offers the following benefits:
Buyer can acquire an established, growing, profitable business with capacity for continued growth
Scalable business model
Highly profitable and loyal customer base
Highly trained and engaged technical workforce

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